Once you start meeting other like minded individuals it will help you get started. 

Keep in mind, you have no control over the properties care, maintenance or condition while you allow the litigation to play itself out which again can take years to resolve depending on whether appeals are filed (as is normally the case).

I don't mind jumping on a quick call and running you through the ins and outs.

This link seems to have expired, would anyone with the document mind sharing it again?

While we are actively working on our personal trust...

Collin, I don't want to discourage you and I am just looking out here, just be mindful that you would be going into it with 5% down payment and underestimating building expenses could be very risky.  

.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Hi BP community,I recently had my mind set on investing in Fort Wayne, Indiana from out of state.

These are great tools to utilize and find like-minded people in the industry.

I find that being ready to approach great opportunities is just as important as finding them, so perhaps I'll keep saving up while actively scanning for great opportunities